SINGAPORE (Sept 6): Singapore will continue monitoring risks of cybersecurity breaches and data hacks as those threats won’t go away, a senior government official said.

Risks need to be managed but won’t prevent the government from building the city state into a technology-advanced one under its “Smart Nation” plan, Janil Puthucheary, senior minister of state for communications and information, said on Thursday at Bloomberg’s “Sooner Than You Think” technology summit in Singapore.

“There is worry, and I think rightfully so, as we see issues of data privacy and cybersecurity around the world,” he said. “We need to keep our eyes on that side of the house and make sure people understand that these are risks we’re willing to take because the benefits are so significant.”

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